We all know that participating in a company-sponsored 401(k) can be instrumental in saving for retirement. Not only that, but we’re encouraged to max out our contributions year after year to take advantage of compounding and grow our nest eggs in time for retirement.
But while saving as much as possible in your 401(k) is certainly a responsible move in theory, your efforts could wind up being seriously hindered if you make the same mistake more than 90% of Americans make: failing to pay attention to fees.
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